Athletic director Dave Brandon told The Associated Press on Wednesday that Beilein has signed a three-year extension that replaces his previous contract and keeps him with the Wolverines through the 2018-19 season. The 60-year-old Beilein will make $2.45 million a year in total compensation.

“I am very excited to have this opportunity to coach at the University of Michigan for at least five more years,” said Beilein. “I am grateful that President Coleman and Dave Brandon are pleased with the direction of our program and have extended this offer of agreement. My staff and I will continue to work every day with our student-athletes to ensure they grow from this incredible educational opportunity. At the same time, competing for Big Ten championship will be the goal each and every year.

“Kathleen and our entire family love being a part of the Michigan community and feel honored and blessed to continue to be able to represent this great university,” added Beilein.